The classy midfielder is eager to extend his time with the Gunners.
The Spaniard missed the 2-1 extra time win over Reading at Wembley on Saturday as he continues to edge towards a comeback from the ankle injury he got against Borussia Dortmund last November.
The former Everton man's contract expires in the summer but Arteta is more than happy to concentrate on the last final straight of his injury recovery before sitting down to thrash out an expected 12-month extension to his stay at the Emirates.
And the 33-year-old is confident that any talks won't take long, such is his happiness at Arsenal.
"My only aim is to get back fit and try to perform on the pitch," Arteta said.
“As long as I do that I am sure that I will continue with this club, with the relationship I have with the club and the respect I have from everybody here.
"If I don't do that then I am not going to be here because I don't want to be somewhere where I cannot perform at my best and give what I think I can give.
"In May, when everything is fine, we will sit down and talk and it will take five minutes."
The midfielder is in his fourth year at the Gunners since arriving from Goodison Park, and has clocked up 136 games and 16 goals in that time. This year has been tougher given his ankle problems, but Arteta will be looking to add to his 12 appearances before the end of the campaign, and will be looking forward to a possible FA Cup final outing for the second year in a row.